TotalEnergies finds new oil in Angola
TotalEnergies discovered a new oil reservoir named Acacia-5 on Block 17 in Angola in June 2026, with production set to begin three months later using existing FPSO capacity, increasing output by 6,000 barrels per day.
Consensus
- TotalEnergies discovered a new oil deposit named Acacia-5 on Block 17 offshore Angola.
- The discovery was made in June 2026.
- Production is planned to start three months after the discovery.
- The new reservoir will increase daily production on Block 17 by 6,000 barrels.
- The discovery will use existing capacity on the FPSO Pazflor.
- TotalEnergies holds a 38% stake in Block 17.
- Equinor holds 22.16% of Block 17.
- ExxonMobil holds 19% of Block 17.
- Azule Energy holds 15.84% of Block 17.
- Sonangol E&P holds 5% of Block 17.
- TotalEnergies has operated in Angola since 1953.
- TotalEnergies produced 156,000 barrels of oil equivalent per day in Angola in 2025.
Points of divergence
- The discovery was made in July 2026. — kommersant
- The discovery was made in June, and the company completed the transfer of its 10% stake in the Arctic LNG-2 project to Nordlайн on August 27, retaining rights to loan repayment of approximately $1.3 billion. — vedomosti
- TotalEnergies signed concessions for 40% operatorship in exploration blocks 17/25 and 32/21 in the Lower Congo Basin, plans to connect them to existing infrastructure, and intends to invest $10 billion in Angola over the next five years. ExxonMobil also holds 40% in blocks 17/25 and 38/21, with Sonangol E&P holding the remaining 20%. — interfax
Coverage (3 sources)
- TotalEnergies found new oil reserves in Angola — Коммерсантъ
- Company Totalenergies discovered an oil field in Angola — Ведомости
- TotalEnergies found new oil in Angola — Интерфакс